New Automobile Gross sales Down 11.four% to finish of July 2017 while UK Imports soar

New Automobile Gross sales Down 11.four% to finish of July 2017 while UK Imports soar

Its formally the worst July registration interval since 2014 with new automobile gross sales right down to 25,170, but it surely’s probably not all doom and gloom for the Motor Commerce, is it?

Since twin registration was launched in 2013 July has change into like “January mark II” for the Motor Commerce. Effectively, the July new automobile registration insanity is over and the official tallies of gross sales are in exhibiting it was the worst July on document since 2014. Not solely that, however whole new automobile registrations have dropped by 11.four% 12 months on 12 months since 2016.

Nevertheless, the development shouldn’t be an entire shock to the Motor Commerce and it’s hoped that the trade will hit its projections of circa 130ok new automobile registrations in 2017. While registrations in July proceed to be under final 12 months’s figures, new automobile gross sales for the 12 months stay comparatively robust. It have to be remembered that there have been two years of 30% progress previous 2017 so it was at all times going to be tough to maintain this. New automobile gross sales are largely being pushed by some nice worth finance offers being supplied by producers. The speed of automobiles being financed has elevated greater than two fold since 2014.”

UK Imports

In the meantime the information for the Motor Commerce in the case of used automobile gross sales shouldn’t be as dangerous, as Used Automobile Gross sales proceed to elevated buoyed by a big will increase in Used Automobiles imported from the UK. Used automobiles imported from the UK, and additional afield, have elevated by nearly 40%, with over 53,000 used imported automobiles being registered since January the first 2017.

The results of Brexit on the change fee has definitely fueled this improve, and the change within the emissions tax regime within the UK implies that there will likely be tons extra low cost Diesel automobiles in the marketplace within the UK within the very close to future as each sellers and the general public look to dump their Diesels.

We’ve compiled a completely complete report on new and used automobile imports proper as much as the top of January which might be considered under or downloaded in PDF format.